this average electricity price for regulated rate customers linked to the wholesale market it will rise 0.8% this Saturday about friday, up to 303.73 euros Per megawatt hour (MWh) according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
This price is the result of adding the average of the wholesale market auction to the compensation that the demand will pay to the combined cycle power plants for the application of the ‘Iberian exemption’ to limit the gas price for electricity generation.
At the auction, the average electricity price in the wholesale market – the so-called ‘pool’ – stood at €152.32/MWh this Saturday. this The maximum price will be recorded between 22:00 and 23:00.With 180.6 Euro/MWh, minimum 118.25 Euro/MWh for the day will be between 16:00 and 17:00.
To this price of the ‘Pool’ is added the compensation of 151.41 Euro/MWh, which must be paid to gas companies, whether consumers benefiting from the measure, regulated rate (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
11% less than applying the measure
In the absence of the ‘Iberian exception’ mechanism that limits the gas price for electricity generation, the electricity price Spain on average it would be 341.54 euro/MWh, This is approximately 37 Euro/MWh more than the compensation awarded to customers at the regulated rate and will thus pay 11% less on average.
The ‘Iberian mechanism’, which came into force on 15 June, Limits gas price for electricity generation an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter, a period when energy prices are more expensive.
Specifically, the ‘Iberian exemption’ sets a path for natural gas for electricity generation at a price of 40 euros/MWh in the first six months, followed by a five-euro/MWh monthly increase until the end of the measure.